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Home Oil & Gas

ExxonMobil: ‘we are not leaving’

ExxonMobil yesterday assured the Federal Government it is not exiting Nigeria.

Afrimarknews by Afrimarknews
June 25, 2024
in Oil & Gas
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Mr. Shane Harris the MD/CEO of the company made this known when he led his team to meet the  Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri in Abuja.

The ExxonMobil boss said, “We are excited about the prospects these new investments bring,’ said Mr. Harris. “Our partnership with the Nigerian government is crucial for sustainable growth, and we look forward to continuing our collaboration as we have no plan to leave.”

Meanwhile, the minister reaffirmed Federal Government’s commitment to enhancing production and fostering a conducive environment for investors in the energy sector. This was emphasised during a recent meeting with ExxonMobil’s and his team. This was contained in a press statement

Lokpobiri’s Special Adviser on Media and Communication, Nneamaka Okafor issued yesterday.

The minister highlighted the ministry’s strategic focus on creating robust collaborations and sharing innovative ideas with International Oil Companies (IOCs).

“We are dedicated to ramping up production and ensuring a supportive environment for all investors by doing everything possible to maintain investor confidence in our country,” he said.

Harris hinted at significant new investments that ExxonMobil is injecting into Nigeria’s energy sector. He expressed confidence in the renewed relationship between ExxonMobil and the Nigerian Government, assuring that the oil giant is not planning to leave Nigeria.

Lokpobiri commended ExxonMobil for its commitment, noting that it aligns perfectly with the nation’s objectives. “ExxonMobil’s planned investments are commendable and greatly appreciated. This renewed relationship is a testament to the mutual goals we share for the future of our energy sector,’ he said.

The discussions also hinted at the Ministry’s support for both international and independent oil operators. Sen. Lokpobiri assured Mr. Harris of the Government’s support, emphasizing the importance of creating a thriving environment for all stakeholders.

“We fully support ExxonMobil and other lOCs, just as we do with independent operators. Our collaborative efforts are key to the sustainable growth of our energy sector,’ he added.

He stressed the importance of continued dialogue and partnership between the Government and IOCs to drive innovation and growth in the sector.

By John Ofikhenua,
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